18 October 2017
Malaysia Airlines CEO Peter Bellew is leaving the struggling company to return to Ryanair
Malaysia Airlines Loses Third CEO Since 2014
CEO Peter Bellew is leaving the struggling Southeast Asian airline to return to Ryanair
Malaysia Airlines Bhd. Chief Executive Peter Bellew said Tuesday he is leaving the company, in a surprise resignation that could have the potential to upset the struggling Southeast Asian airline still recovering from the loss of two jets that killed hundreds in 2014.
Mr. Bellew, who was promoted to what he described as the “toughest job in aviation” in July last year after his boss Christoph Mueller abruptly quit, wasn’t available for a comment.
Mr. Mueller too quit after just one year on the job, citing personal reasons. Before him, Ahmad Jauhari Yahya departed after his contract ended in 2015.
Mr. Bellew is returning to Ryanair Holdings RYAAY -0.25% PLC as chief operations officer. In a statement by the Irish discount carrier, Mr. Bellew said he was “excited to return home.” Before joining Malaysia Airlines, he was involved in a senior operations role at Ryanair.
The announcement caught Malaysia Airlines by surprise. The airline said it “takes note of the unexpected announcement” by Ryanair, adding that Mr. Bellew had “expressed his commitment” to Malaysia Airlines last month.
Malaysia Airlines, which said its turnaround remains “on track and on schedule,” has made some progress after it was taken private by its main shareholder—Malaysia’s sovereign-wealth fund Khazanah Nasional Bhd.
Malaysia Airlines doesn’t sound happy at all with Ryanair‘s announcement…
Peter Bellew: “Zero interference” from the Malaysian government or Khazanah; going to Ryanair as a form of national service to Ireland.
Bellew explains why he is leaving Malaysia Airlines to return to Ryanair Read more at http://www.thestar.com.my/business/business-news/2017/10/18/bellew-explains-why-he-is-leaving-malaysia-airlines-to-return-to-ryanair/#tucr7HSMwTCBogLy.99 …
Bellew explains why he is leaving Malaysia Airlines to return to Ryanair
Wednesday, 18 Oct 2017
KUALA LUMPUR: Peter Bellew, who helmed Malaysia Airlines Bhd as its group managing director and chief executive officer for less than 1½ years, explains why he is leaving the national carrier to return to Ryanair.
In the statement issued on Wednesday, he said that he received a call from Ryanair late evening two weeks ago to be COO.
“It is Ireland’s greatest company. They need my help and there is a big challenge. It is a form of national service,” he said in a personal statement why he was rejoining the Irish low-cost carrier.
On Tuesday, Ryanair announced that Bellew would be rejoining the Ryanair team in Dublin from Friday, Dec 1.
The statement took the Malaysia Airlines board by surprise, calling the announcement “unexpected”.
Malaysia Airlines noted that Bellew had publicly “expressed his commitment to Malaysia Airlines” at a press conference with Malaysian and international media on Sept 27 when asked on speculation that he would re-join Ryanair.
He explained: “But a week later the call came and in life we can really never say never. I am looking forward to being close again to my family and friends 14 hours away in Ireland.”